Every year the city of New York issues about eight to ten million parking tickets. However, soon drivers may be able to use their smartphones to pay their fines instantly with cryptocurrencies or mobile apps. New York City’s finance department is looking into alternative payment methods such as Bitcoin, PayPal and Apple Pay for the $600 million annual parking ticket revenue it collects from issuing up to 10 million tickets. Apple Pay and Paypal are accepted by hundreds of thousands of retail locations and the two companies are expected to grow significantly in 2015. Now even more companies are branching out into accepting these new payment methods, including companies like Overstock.com and Microsoft which accept the digital currency bitcoin for some online purchases. At the current moment the parking bureau’s system is outdated and drivers currently pay for tickets online...